My post this week is a quick one. I’d like to hear your answers to any/all of the following questions so that I can further tailor my posts to your specific needs. Feel free to answer in the comments section. Without further ado:
Question 1: What has stopped you from pursuing ‘green’ in your RE Investing business? (too complicated/don’t see the value/no money in it/not important)
Question2: How much in rebates did you receive last year for properties you rehabbed? ($0, 1-10k, $10-20k, over $20k)
Question 3: Other than here, where do you get your green building or RE investing info?
Question 4: What part of ‘green’ would be most important to you on your investments (lower cost/healthier living/competitive advantage/higher sales price)
Question 5: Do you believe ‘green’ RE investing is an opportunity in your marketplace (yes/no, why/why not)
Question 6: What competitive advantages do you have (if any) over other RE investors in your market?
Question 7: Are you mostly buying short sales, foreclosures or directly from individual sellers?
Question 8: What ‘green’ advice do you most need? What would impact your business the most?
Question 9: Do you know where in your market to go to get rebates, incentives, grants or learn about green housing incentives?
Question 10: What topics would you most like to learn more about from me?
Feel free to just comment with the question # and your response. Thanks, look forward to hearing from you.
Related posts:
- Answers to the Most Common Questions on Green Real Estate Investing
- Why Smart Investors are Going Green
- Latest Green Buyer Trends for Real Estate Investors
- The 4 Corners of Value in Green Real Estate
- What Green and High-Performance Real Estate Have in Common (and why you should care)
Article Author: Jim SimcoeJim has written 56 articles for us.
Visit Jim's Website: http://www.jimsimcoe.com
I help real estate investors increase profits and property values through a variety of green strategies. I help clients find hidden rebates, tax incentives and credits to maximize returns on any property. www.JimSimcoe.com
Joshua Dorkin
{ 2 comments… read them below or add one }
Jim — good questions. I’d love to be able to reliably compare real numbers in various markets showing conclusively that prices/rents are higher with green vs traditional. This would require the ability to easily discern which properties were indeed green, and which ones weren’t. Am I makin’ any sense? Thanks
Thanks, Jeff. You raise a very important issue that most investors are truly interested in. The second part of your question (what is a green property) is actually much easier to answer. You can compare materials used, utility bills, etc to compare a ‘green’ home to others in the neighborhood.
To answer the 1st part of your question-it’s tough to reliably give market data because there simply aren’t enough ‘green’ properties that have been green retrofitted. I can tell you from my experience, green properties always rent for more $ (usually 10% more per month) and sell for 5-15% more.
The key is selling the benefit of ‘green’ being: Lower utility bills, healthier living environment to prospective renters/buyers. People who on the environmental aspects first, always lose. Sad but true.
Great question, Jeff, thanks..Jim